Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement $43,500 34,100 Sales Costs Taxable income Taxes (24%) $ 9,400 2,256 Net income $ 7,144 $4,000 Dividends Addition to retained earnings 3,144 The balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement, supply the missing information using the percentage sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. (Leave no cells blank - be certain to enter "0" whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.) HEIR JORDAN CORPORATION Balance Sheet Percentage of Sales Liabilities and Owners' Equity Current liabilities Percentage of Sales Assets Current assets Cash $ 2,550 $ Accounts payable Notes payable 2,400 5,100 Accounts receivable 3,800 Inventory Total 9,000 15,350 $ Total $ 7,500 | JP 24,000 Fixed assets Net plant and equipment $ 38,000 $ Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity 16,000 5,850 21,850 53,350 $ Total assets $ 53,350 $